OpenAI has completed a massive $110 billion funding round, according to reports from Swedish media outlets. The artificial intelligence company secured investments from major tech players including Amazon, Nvidia, and Softbank. Amazon reportedly invested $50 billion as part of a new strategic partnership with OpenAI, while Nvidia and Softbank each contributed $30 billion.
The funding round values OpenAI at approximately $730 billion, according to CNBC. " In response to the announcement, OpenAI and Microsoft issued a joint statement clarifying that the new investments do not affect their existing multi-year partnership. The $110 billion figure translates to roughly 1 trillion Swedish kronor, marking one of the largest private funding rounds in technology history.
very happy about this agreement
AI will be everywhere
changing the entire economy